U.S. Regulators Warn Over ‘Brexit’ Risk to Global Markets, Companies

U.S. Regulators Warn Over ‘Brexit’ Risk to Global Markets, Companies

Posted on Fri, Dec 7, 2018 @ 7:56

By Pete Schroeder and Michelle Price
December 6, 2018, Reuters

Two top U.S. regulators called on Britain and the European Union on Thursday to ensure a path forward for Britain’s exit from the E.U. that would minimize disruption for financial firms and markets, emphasizing the need for clarity and stability.

In unusually punchy statements, the chairs of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) separately said Brexit was already having an impact on some U.S. companies and investors, and that the risk to global markets was underestimated.